by Ramki | May 30, 2010 | Saudi Stocks Outlook
There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th May I had warned of a sell off to 75. At that time...
by Ramki | May 25, 2010 | Indian Stocks Trading
I am bearish for DLF (a much followed Indian Stock) and expect it to reach at least 215. However, the better level to sell will be near 290.00 Take a look at the chart where I have given detailed elliott wave analysis of DLF. Clearly, there is a preferred level to...
by Ramki | May 12, 2010 | Egyptian Stocks
This is the first time I looked at a stock from Egypt. I was asked to do Elliott wave analysis of Talaat Moustafa, and I’d like to share this with you today. To put it briefly, this stock has legs to reach 9 Pounds, but should it reach 10.45 plus area, be sure to...
by Ramki | May 12, 2010 | Dubai Stocks Outlook
Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands....
by Ramki | May 12, 2010 | Dubai Stocks Outlook
Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has been corrected by a 3-wave decline. Wave B...
